Walchandnagar Industries bonus

With reference to the earlier announcement dated November 26, 2007 about the issue of Bonus Shares in the ratio of 1:1, subject to approval of shareholders and other necessary regulatory approvals, Walchandnagar Industries Ltd has now clarify that the bonus share will be issued through capitalization of free reserves in 1:1 ratio on equity share(s) held on the record date to be announced at a later date.

Upon allotment of Bonus Shares, the equity share capital will be of Rs 600.90 Lakhs instead of Rs 300.45 Lakhs at present.